2min
Aug 13, 2024
When you buy or sell concert tickets online, a service fee is typically added to the total price. These fees can vary depending on the ticket marketplace you use. Lysted charges service fees only after your tickets are sold. Here’s more information about why service fees are applied to concert tickets:
Pricing Breakdown
The cost of a concert ticket before any additional fees is known as the face value. This is the original price set by the artists or event promoters. Service fees and other charges are added to the face value and are shared between the ticket vendor, promoters, venues, and others involved in the live event. In-person box office purchases may also include service fees.
Some platforms charge an order processing fee, and there may be a delivery fee if physical tickets need to be mailed. The overall ticket cost also includes city, state, and local taxes. Lysted charges a service fee of around 11% of the ticket listing price, which includes our fee and the fee of the marketplace where you sell the ticket.
Purpose of Service Fees
Service fees cover the operating costs for venues, websites, and ticket transfer processes. Here’s why these fees are necessary:
Venues: Venues allow ticket vendors to sell their tickets and, in return, collect a portion of the ticket sales through service fees. These fees help cover the costs of hosting live events, such as employing ushers, ticket scanners, security teams, and other local staff, as well as utility costs.
Marketplace: Marketplace fees help ticket vendors manage the costs associated with providing a secure purchasing and selling experience. This includes maintaining technology, staff, and other resources. Some marketplaces may use these fees to support equipment and services for partnering venues.
Lysted Fees Breakdown
When you sell concert tickets on Lysted, our service fee is 8% of the total sale amount we receive from the selling marketplace. Pricing tools used on Lysted can affect this fee. If you use our Full Service Team to determine ticket pricing, our service fee increases by an additional 3%. However, using our free pricing tool, Uptick, does not affect your service fee.
Our fee is separate from the service fee charged by the ticket marketplace. We partner with popular ticket reselling vendors and post your listings on their sites, which allows us to offer discounted rates. While you can create an account directly with a vendor and pay their service fee, our discounted fees enable you to list on over two thousand ticket reselling websites and apps simultaneously for a lower price. We provide a rate sheet detailing the fees for Lysted and our ticket vendor partners.
For some transactions, we may mark up ticket prices to cover marketplace fees, reducing additional charges and allowing more of the money to go to you. We also offer volume discounts to large sellers: $500,000 in ticket sales earns you a 1% discount, $1 million earns a 2% discount, and $2 million and $4 million earn 3% and 4% discounts, respectively. Discounts are subject to change.
Sell Concert Tickets Online with Lysted
Lysted simplifies the ticket reselling process for both experienced brokers and casual concert fans. When you sell tickets through our partnered websites, we automatically remove your listings across all platforms to prevent double-selling. We offer free listings, automatic listing, pricing, and fulfillment tools.
Sign up today to start selling concert tickets with Lysted.
